Charter Deal With TWC More Likely to Get Approval Than Comcast

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Gautham Nagesh And Joe Flint A Charter Communications Inc. merger with Time Warner Cable Inc. stands a better shot at regulatory approval than Comcast's ill-fated attempt to purchase the cable giant last year, according to cable-industry analysts and executives. ...

Amazon Changes Tax Practices in Europe

TODAY: May 26, 2015 PUB DATE: May 26, 2015

Amazon.com Inc. has started booking revenue from retail sales in individual European countries, instead of funneling all sales through low-tax Luxembourg, amid intense scrutiny of corporate tax practices in Europe. The change was made effective May 1, a company spokesman ...

European Stocks Down on Greek Debt Fears

TODAY: May 26, 2015 PUB DATE: May 26, 2015

European stocks ended lower Monday, weighed down by concerns about the state of Greece's finances and political instability in Spain. Over the weekend Greece raised doubts that it would have the money it is due to repay to the International ...

Hong Kong Shares Jump on Hopes for China Link

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Chao Deng Shares in Hong Kong played catch-up with the rally in mainland stocks after news that China will soon launch a link allowing Hong Kong and mainland asset managers to sell funds to retail investors on either side. ...

Euro Tumbles to One-Month Low

TODAY: May 26, 2015 PUB DATE: May 26, 2015

The euro tumbled to a one-month low against the dollar as doubts over Greece's ability to repay its debts intensified, while Greek bonds came under renewed pressure. The common currency fell 0.8% to $1.0885, extending the previous day's declines as ...

Fed's Fischer Sees Short-Term Rate at 3.25%-4% in Three to Four Years

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Joshua Mitnick HERZLIYA, Israel---Federal Reserve Vice Chairman Stanley Fischer said Monday the central bank expects to follow a "gradual and relatively slow" trajectory of short-term interest-rate increases over the next three to four years to bring borrowing costs back ...

Singapore Economy Grew Faster Than Previously Estimated in First Quarter

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Gaurav Raghuvanshi SINGAPORE--Singapore's economy expanded faster than previously estimated in the first quarter as growth in construction and retail trade outweighed a contraction in manufacturing. Gross domestic product for the three months to March 31 grew 3.2% on a ...

China Nuclear Firm Plans Biggest Domestic IPO in 5 Years

TODAY: May 26, 2015 PUB DATE: May 26, 2015

China National Nuclear Power Corp., one of the top two state nuclear-power giants, will raise as much as $2.16 billion in what is set to be the country's largest domestic initial public offering in five years. CNNPC plans to sell ...

Hong Kong Shares Jump on Hopes for China Link

TODAY: May 26, 2015 PUB DATE: May 26, 2015

Shares in Hong Kong played catch-up with the rally in mainland stocks after news that China will soon launch a link allowing Hong Kong and mainland asset managers to sell funds to retail investors on either side. Chinese firms trading ...

UBS Withdraws From Australian Wealth-Management Business -- Update

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Robb M. Stewart MELBOURNE, Australia--UBS AG said it plans to withdraw from its Australian wealth-management business, leaving senior employees to strike out on their own following a management buyout. The Swiss bank said Tuesday it made the decision to ...

Oil Prices Rangebound as Investors Await OPEC Meeting

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Eric Yep Crude-oil futures continued to trade sideways in Asian hours Tuesday as the stand-off between oil market bulls and bears kept prices in limbo. On the New York Mercantile Exchange, light, sweet crude futures for delivery in July ...

African Economies to Gather Pace

TODAY: May 26, 2015 PUB DATE: May 26, 2015

NAIROBI—Africa's fitful and uneven economic growth will gain momentum this year and next, three prominent organizations said in a joint report released on Monday. On average, the continent's economies will grow 4.5% in 2015 and 5% in 2016, according to ...

Suntory to Swallow Japan Tobacco's Drinks Business

TODAY: May 26, 2015 PUB DATE: May 26, 2015

TOKYO—Suntory Beverage & Food Ltd. plans to buy the soft-drinks operations of Japan Tobacco Inc. for ¥150 billion ($1.2 billion) after the cigarette maker decided to cut its losses in the beverage business. The food-and-beverage unit of Jim Beam owner ...

AGL Energy Looks to Get Out of the Wind, Into the Sun

TODAY: May 26, 2015 PUB DATE: May 26, 2015

SYDNEY—AGL Energy Ltd. aims to sell assets worth around 1 billion Australian dollars (US$783 million) and slash costs, joining other global power generators in rethinking strategies as demand falls. Seeking to improve returns to shareholders and invest more in technologies ...

Singapore's Manufacturing Output Falls in April

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Gaurav Raghuvanshi SINGAPORE--Singapore's manufacturing output declined in April as the export-dependent nation continues to struggle with sluggish external demand and as its pharmaceutical sector saw production levels fall more sharply. Manufacturing output declined 8.7% year-over-year in April, compared with ...

China to Trim Tariffs in Bid to Fashion Spending Spree

TODAY: May 26, 2015 PUB DATE: May 26, 2015

BEIJING—China slashed import duties on goods ranging from shoes to cosmetics to boost spending at home, where the economy is slowing and high taxes often prompt consumers to shop abroad. The Ministry of Finance said Monday that it would cut ...